SIX million baby boomers will each miss out on thousands of pounds of state pension, analysis of the Autumn Statement has revealed.

The earlier than planned rise in the state pension age to 67, announced on Tuesday, will delay retirement for workers born during the early 1960s.

Under plans for a flat rate pension at a current suggested weekly rate of £140, it is estimated they will miss out on up to £7,280.

The pension age was already due to increase from 66 to 67 between 2034 and 2036.

But George Osborne ripped up this timetable and the pension age will now be increased in stages between 2026 and 2028.

Those born between April 6, 1960 and March 5, 1961 will retire between the ages of 66 and 67.

But those born on or after March 6, 1961 will not retire until 67, missing out on a year of pension payments.

John Ball, of employment specialists Towers Watson, said: “People born in 1959 might on average be expected to spend an extra six months or so in receipt of their state pension compared with people born in 1961. Winning this year-of-birth lottery can be worth thousands.”

It is becoming more and more important that people realise that the state will not provide for our futures.

Bob Bullivant, of pension specialists Annuity Direct

Towers Watson warned that the pension age could go even higher, hitting 68 by the mid-2030s and 70 by the mid-2040s.

Bob Bullivant, of pension specialists Annuity Direct, said: “It is becoming more and more important that people realise that the state will not provide for our futures.”

Tom McPhail, of financial advisers Hargreaves Lansdown, also expects the pension age to reach 70 by around 2040. “The Chancellor’s changes just reinforce the unfortunate reality that people need to adjust their expectations,” he added.